Skycity Income Before Tax vs Tax Provision Analysis

SKC Stock

1.31 0.03 2.24%

Skycity Entertainment financial indicator trend analysis is much more than just breaking down Skycity Entertainment prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skycity Entertainment is a good investment. Please check the relationship between Skycity Entertainment Income Before Tax and its Tax Provision accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skycity Entertainment Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Income Before Tax vs Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skycity Entertainment Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Skycity Entertainment's Income Before Tax and Tax Provision is -0.39. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Skycity Entertainment Group, assuming nothing else is changed. The correlation between historical values of Skycity Entertainment's Income Before Tax and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Skycity Entertainment Group are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Income Before Tax i.e., Skycity Entertainment's Income Before Tax and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.39

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Skycity Entertainment income statement and is an important metric when analyzing Skycity Entertainment profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most indicators from Skycity Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skycity Entertainment current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skycity Entertainment Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to gain to about 182.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 287.8 M in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	535.2M	724.0M	861.0M	557.9M
Interest Expense	37.5M	29.9M	22.2M	38.9M

Other Operating Expenses Interest Expense

Skycity Entertainment fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Non Currrent Assets Other
Total Assets		0.18	0.73	0.28	0.96	0.95	-0.57	0.31	0.5	-0.11	0.44	0.74	0.46	0.51	0.87	0.96	0.7	0.7	0.45	-0.5	0.67	0.71	0.77	0.0	0.99	-0.01
Short Long Term Debt Total	0.18		-0.24	-0.32	0.12	0.24	-0.34	0.69	0.16	-0.26	0.08	-0.35	-0.16	-0.01	0.03	0.16	0.3	0.56	0.31	-0.2	-0.42	0.11	-0.06	0.91	0.09	-0.1
Other Current Liab	0.73	-0.24		0.69	0.69	0.72	-0.25	0.0	0.15	0.0	0.45	0.88	0.62	0.31	0.86	0.73	0.43	0.25	0.47	-0.08	0.9	0.77	0.78	-0.33	0.73	0.22
Total Current Liabilities	0.28	-0.32	0.69		0.27	0.33	0.4	-0.11	-0.15	-0.03	0.13	0.54	0.3	0.24	0.53	0.25	-0.2	-0.27	0.22	0.31	0.58	0.54	0.44	-0.18	0.3	0.26
Total Stockholder Equity	0.96	0.12	0.69	0.27		0.89	-0.46	0.29	0.68	-0.06	0.42	0.77	0.47	0.65	0.8	0.96	0.55	0.61	0.39	-0.53	0.66	0.7	0.87	-0.09	0.97	0.09
Property Plant And Equipment Net	0.95	0.24	0.72	0.33	0.89		-0.51	0.42	0.33	-0.14	0.48	0.7	0.49	0.4	0.83	0.94	0.64	0.72	0.47	-0.36	0.64	0.77	0.73	0.06	0.94	0.16
Current Deferred Revenue	-0.57	-0.34	-0.25	0.4	-0.46	-0.51		-0.42	-0.17	0.31	-0.18	-0.24	-0.11	-0.1	-0.51	-0.57	-0.84	-0.85	-0.2	0.53	-0.22	-0.36	-0.2	-0.16	-0.5	0.18
Net Debt	0.31	0.69	0.0	-0.11	0.29	0.42	-0.42		0.19	-0.39	-0.13	-0.1	-0.27	0.31	0.2	0.35	0.16	0.58	0.49	-0.35	-0.16	0.3	0.17	0.58	0.26	0.3
Retained Earnings	0.5	0.16	0.15	-0.15	0.68	0.33	-0.17	0.19		0.11	0.24	0.31	0.23	0.64	0.21	0.51	0.11	0.3	0.18	-0.54	0.14	0.18	0.63	-0.07	0.52	0.0
Accounts Payable	-0.11	-0.26	0.0	-0.03	-0.06	-0.14	0.31	-0.39	0.11		0.05	0.0	0.06	0.07	-0.13	-0.07	-0.03	-0.4	0.0	0.11	0.01	-0.03	0.09	-0.45	-0.09	-0.05
Cash	0.44	0.08	0.45	0.13	0.42	0.48	-0.18	-0.13	0.24	0.05		0.32	0.94	-0.21	0.36	0.4	0.37	0.44	0.11	0.04	0.3	0.47	0.48	-0.14	0.41	0.14
Non Current Assets Total	0.74	-0.35	0.88	0.54	0.77	0.7	-0.24	-0.1	0.31	0.0	0.32		0.56	0.46	0.75	0.74	0.42	0.23	0.26	-0.27	0.98	0.59	0.79	-0.45	0.8	0.11
Cash And Short Term Investments	0.46	-0.16	0.62	0.3	0.47	0.49	-0.11	-0.27	0.23	0.06	0.94	0.56		-0.11	0.44	0.44	0.33	0.3	0.08	0.06	0.55	0.51	0.59	-0.34	0.47	0.19
Net Receivables	0.51	-0.01	0.31	0.24	0.65	0.4	-0.1	0.31	0.64	0.07	-0.21	0.46	-0.11		0.47	0.59	0.06	0.11	0.18	-0.57	0.33	0.48	0.68	-0.13	0.56	0.24
Common Stock Total Equity	0.87	0.03	0.86	0.53	0.8	0.83	-0.51	0.2	0.21	-0.13	0.36	0.75	0.44	0.47		0.85	0.62	0.54	0.33	-0.3	0.73	0.88	0.7	-0.07	0.84	0.05
Common Stock Shares Outstanding	0.96	0.16	0.73	0.25	0.96	0.94	-0.57	0.35	0.51	-0.07	0.4	0.74	0.44	0.59	0.85		0.65	0.66	0.41	-0.45	0.66	0.78	0.81	-0.06	0.97	0.18
Non Current Liabilities Total	0.7	0.3	0.43	-0.2	0.55	0.64	-0.84	0.16	0.11	-0.03	0.37	0.42	0.33	0.06	0.62	0.65		0.75	0.29	-0.5	0.42	0.45	0.33	0.09	0.63	-0.27
Inventory	0.7	0.56	0.25	-0.27	0.61	0.72	-0.85	0.58	0.3	-0.4	0.44	0.23	0.3	0.11	0.54	0.66	0.75		0.25	-0.5	0.17	0.47	0.32	0.37	0.63	-0.09
Other Current Assets	0.45	0.31	0.47	0.22	0.39	0.47	-0.2	0.49	0.18	0.0	0.11	0.26	0.08	0.18	0.33	0.41	0.29	0.25		-0.22	0.26	0.3	0.46	0.17	0.39	0.19
Other Stockholder Equity	-0.5	-0.2	-0.08	0.31	-0.53	-0.36	0.53	-0.35	-0.54	0.11	0.04	-0.27	0.06	-0.57	-0.3	-0.45	-0.5	-0.5	-0.22		-0.19	-0.13	-0.42	-0.02	-0.49	0.04
Total Liab	0.67	-0.42	0.9	0.58	0.66	0.64	-0.22	-0.16	0.14	0.01	0.3	0.98	0.55	0.33	0.73	0.66	0.42	0.17	0.26	-0.19		0.56	0.7	-0.48	0.72	0.1
Property Plant And Equipment Gross	0.71	0.11	0.77	0.54	0.7	0.77	-0.36	0.3	0.18	-0.03	0.47	0.59	0.51	0.48	0.88	0.78	0.45	0.47	0.3	-0.13	0.56		0.74	-0.06	0.69	0.35
Total Current Assets	0.77	-0.06	0.78	0.44	0.87	0.73	-0.2	0.17	0.63	0.09	0.48	0.79	0.59	0.68	0.7	0.81	0.33	0.32	0.46	-0.42	0.7	0.74		-0.3	0.8	0.35
Short Term Debt	0.0	0.91	-0.33	-0.18	-0.09	0.06	-0.16	0.58	-0.07	-0.45	-0.14	-0.45	-0.34	-0.13	-0.07	-0.06	0.09	0.37	0.17	-0.02	-0.48	-0.06	-0.3		-0.08	-0.23
Common Stock	0.99	0.09	0.73	0.3	0.97	0.94	-0.5	0.26	0.52	-0.09	0.41	0.8	0.47	0.56	0.84	0.97	0.63	0.63	0.39	-0.49	0.72	0.69	0.8	-0.08		0.03
Non Currrent Assets Other	-0.01	-0.1	0.22	0.26	0.09	0.16	0.18	0.3	0.0	-0.05	0.14	0.11	0.19	0.24	0.05	0.18	-0.27	-0.09	0.19	0.04	0.1	0.35	0.35	-0.23	0.03

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Skycity Entertainment Account Relationship Matchups

Skycity Entertainment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6B	2.6B	2.7B	2.9B	2.8B	2.0B
Short Long Term Debt Total	618.2M	604.3M	650.5M	691.4M	730.9M	568.3M
Other Current Liab	193.6M	161.1M	144.2M	232.2M	206.3M	216.6M
Total Current Liabilities	640.4M	250.9M	268.9M	347.5M	506.3M	531.6M
Total Stockholder Equity	1.3B	1.5B	1.6B	1.5B	1.3B	838.8M
Property Plant And Equipment Net	1.5B	1.4B	1.6B	1.8B	1.9B	1.2B
Current Deferred Revenue	145.4M	14.8M	21.9M	39.8M	7.5M	7.1M
Net Debt	545.7M	519.2M	601.8M	446.4M	670.4M	481.9M
Retained Earnings	168.0M	299.5M	235.2M	197.6M	(31.1M)	(29.6M)
Accounts Payable	18.1M	27.5M	21.1M	23.6M	20.8M	20.5M
Cash	50.7M	46.5M	48.7M	245.0M	60.5M	80.9M
Non Current Assets Total	2.4B	2.3B	2.4B	2.5B	2.6B	1.7B
Cash And Short Term Investments	50.7M	46.5M	48.7M	245.0M	60.5M	80.5M
Net Receivables	87.7M	171.9M	225.0M	8.0M	68.0M	44.8M
Common Stock Shares Outstanding	664.9M	759.7M	760.2M	758.1M	758.7M	624.0M
Liabilities And Stockholders Equity	2.6B	2.6B	2.7B	2.9B	2.8B	2.0B
Non Current Liabilities Total	626.3M	819.3M	903.5M	985.8M	970.9M	902.4M
Inventory	6.2M	6.7M	7.5M	8.6M	8.4M	6.6M
Other Current Assets	60.1M	35.2M	44.8M	57.0M	52.3M	36.0M
Other Stockholder Equity	(33.3M)	(23.0M)	(151.0M)	(10.4M)	(2.0)	(1.9)
Total Liab	1.3B	1.1B	1.2B	1.3B	1.5B	1.1B
Property Plant And Equipment Gross	1.6B	2.3B	2.3B	2.6B	2.8B	2.9B
Total Current Assets	204.7M	260.2M	326.0M	318.5M	189.2M	163.7M
Accumulated Other Comprehensive Income	(31.2M)	(21.4M)	(4.4M)	(10.4M)	(7.5M)	(7.8M)
Short Term Debt	283.3M	47.5M	81.6M	48.9M	244.4M	153.2M
Common Stock	1.2B	1.2B	1.3B	1.3B	1.3B	778.2M
Non Currrent Assets Other	(35.2M)	(33.3M)	43.5M	25.9M	550K	577.5K
Good Will	34.3M	35.2M	33.3M	35.8M	32.2M	30.6M
Intangible Assets	607.3M	583.6M	588.1M	530.8M	508.8M	445.8M
Long Term Debt	282.7M	441.0M	451.4M	525.7M	368.4M	362.1M
Long Term Investments	72.4M	124.4M	161.9M	152.0M	78.8M	86.5M
Short Long Term Debt	302.5M	48.0M	78M	45.8M	241.1M	186.6M
Long Term Debt Total	508.5M	495.9M	334.9M	556.8M	501.1M	374.1M
Property Plant Equipment	1.6B	1.5B	1.6B	1.8B	2.0B	1.6B
Other Liab	310.5M	321.1M	334.6M	337.6M	303.9M	380.5M
Net Tangible Assets	785.1M	1.0B	947.4M	963.6M	1.1B	663.5M
Non Current Liabilities Other	215.0M	885.4M	220.0M	262.4M	246.4M	353.7M

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